Report: Shaun Livingston to Retire

Shaun Livingston’s career nearly ended 12 years ago far ahead of his schedule because of a gruesome knee injury. Now, he gets to retire on his own terms — and with three championships after playing a key role during the Golden State Warriors’ recent title runs.

The 34-year-old Livingston announced his retirement on social media Friday following 15 NBA seasons, an anticipated move for the veteran guard. He reached the NBA Finals in each of his five seasons with Golden State, his ninth NBA team.

Livingston, who signed a $24 million, three-year contract in 2017 but was waived by the Warriors in July to cut salary costs, has discussed working in the front office with the team.

“After 15 years in the NBA, I’m excited, sad, fortunate and grateful all in one breath. Hard to put into a caption all of the emotions it takes to try and accomplish your dreams,” Livingston shared in a post on his Instagram and Twitter accounts. “I wasn’t supposed to be here. Anybody that has beat the odds understands the mental and emotional strain it takes to inspire yourself on an uphill war, let alone inspire others.”

Brooklyn Nets guard Spencer Dinwiddie is planning to turn his contract into a digital investment vehicle and receive an upfront lump payment, The Athletic has learned, an unprecedented move for an NBA player.

Dinwiddie, according to multiple sources, is starting his own company to securitize his NBA contract in the form of a digital token as he begins a three-year, $34.36 million extension with the Nets. It’s unclear how much of the contract amount he wants to raise upfront, but it would likely be less than the total amount, according to sources.

So how exactly would this work?

In a securitization, the borrower gives up some future income in return for a smaller lump sum payment. But the borrower, in this case Dinwiddie, then has more money to immediately invest than he otherwise would.